Three-agent Peer Evaluation
AbstractI show that every rule for dividing a dollar among three agents impartially (so that each agent's share depends only on her evaluation by her associates) underpays some agent by at least one-third of a dollar for some consistent profile of evaluations. I then produce an impartial division rule that never underpays or overpays any agent by more than one-third of a dollar, and for most consistent evaluation profiles does much better.
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Bibliographic InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2008-28.
Length: 9 pages
Date of creation: Aug 2008
Date of revision:
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division function; impartial; consensual;
Other versions of this item:
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-09-13 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
- T. Tideman & Florenz Plassmann, 2008. "Paying the partners," Public Choice, Springer, vol. 136(1), pages 19-37, July.
- de Clippel, Geoffroy & Moulin, Herve & Tideman, Nicolaus, 2008. "Impartial division of a dollar," Journal of Economic Theory, Elsevier, vol. 139(1), pages 176-191, March.
- Boudreau, James W. & Knoblauch, Vicki, 2011. "Dividing profits three ways: Exactness vs. consensuality," Mathematical Social Sciences, Elsevier, vol. 62(2), pages 79-86, September.
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